Gold prices witnessed another round of weakness, offering some relief to buyers after the recent volatility in the precious metals market. Prices initially moved lower when trading began, recovered slightly and then slipped again.
In Delhi's bullion market, gold reportedly became cheaper for the third consecutive day. On Wednesday, the price of 24-carat gold declined by around ₹900, taking it to approximately ₹1.54 lakh per 10 grams.
Weakness was also reported in gold futures on the Multi Commodity Exchange (MCX), where prices fell from the previous session's closing level.
For consumers planning to purchase jewellery or investment-grade gold, rates can differ slightly depending on the city, purity and other applicable charges.
MCX Gold Futures Drop by More Than ₹1,400
According to the figures provided in the report, 24-carat gold futures on MCX fell 0.91%, or ₹1,409, to reach approximately ₹1,53,320 per 10 grams by the evening.
The previous trading session had reportedly ended with the contract at ₹1,54,729 per 10 grams.
Separately, the retail rate cited from GoodReturns placed 24-carat gold at ₹1,54,350 per 10 grams.
MCX futures and retail gold rates should not be treated as identical price indicators because they represent different segments of the market.
24-Carat Gold Price Today
The supplied rates show relatively small variations in 24-carat gold prices across major Indian cities.
| City | 24K Gold Price per 10 Grams |
|---|---|
| Delhi | ₹1,54,350 |
| Mumbai | ₹1,54,200 |
| Kolkata | ₹1,54,200 |
| Chennai | ₹1,54,200 |
| Patna | ₹1,54,250 |
| Lucknow | ₹1,54,350 |
| Meerut | ₹1,54,350 |
| Kanpur | ₹1,54,350 |
| Ayodhya | ₹1,54,350 |
| Aligarh | ₹1,54,350 |
| Moradabad | ₹1,54,350 |
| Mirzapur | ₹1,54,350 |
| Jhansi | ₹1,54,350 |
Among the cities listed, Delhi, Lucknow, Meerut, Kanpur and several other cities have a quoted rate of ₹1,54,350 per 10 grams, while Mumbai, Kolkata and Chennai are slightly lower at ₹1,54,200.
22-Carat Gold Price Today
While 24-carat gold represents a higher level of purity, 22-carat gold is commonly associated with jewellery purchases.
According to the city-wise prices mentioned in the report, Delhi's 22-carat gold rate stands at ₹1,41,500 per 10 grams.
Mumbai, Kolkata and Chennai have a quoted rate of ₹1,41,350 per 10 grams, while the price in Patna is ₹1,41,400.
| City | 22K Gold Price per 10 Grams |
|---|---|
| Delhi | ₹1,41,500 |
| Mumbai | ₹1,41,350 |
| Kolkata | ₹1,41,350 |
| Chennai | ₹1,41,350 |
| Patna | ₹1,41,400 |
| Lucknow | ₹1,41,500 |
| Meerut | ₹1,41,500 |
| Kanpur | ₹1,41,500 |
| Ayodhya | ₹1,41,500 |
| Aligarh | ₹1,41,500 |
| Moradabad | ₹1,41,500 |
| Mirzapur | ₹1,41,500 |
| Jhansi | ₹1,41,500 |
18-Carat Gold Rates Across Major Cities
Buyers considering lower-purity gold can also check the latest 18-carat rates mentioned in the update.
Delhi has an 18-carat gold price of ₹1,15,800 per 10 grams, while Mumbai and Kolkata are listed at ₹1,15,650.
Patna's rate stands at ₹1,15,700 per 10 grams.
Chennai is notably different in the supplied data, with an 18-carat gold price of ₹1,19,050 per 10 grams.
Lucknow, Meerut, Kanpur, Ayodhya, Aligarh, Moradabad, Mirzapur and Jhansi are all listed at ₹1,15,800 per 10 grams.
Why Do Gold Prices Keep Changing?
Gold prices can move in response to several domestic and international factors.
Movements in international gold markets are an important influence. Changes in the strength of the US dollar, interest-rate expectations, investment demand and conditions in domestic markets can also affect prices.
Demand within India may additionally change during major festivals and the wedding season, periods when purchases of gold jewellery traditionally receive greater attention.
These factors mean gold prices can move in either direction even over relatively short periods.
Buyers Should Check Final Jewellery Cost Before Purchasing
The quoted gold rate is not necessarily the same as the final amount a jewellery buyer will pay.
The actual purchase bill may vary depending on purity, weight and additional charges applied by the seller. Buyers should therefore confirm the applicable rate and complete price before making a transaction.
The latest figures in the supplied report indicate another decline in gold, with MCX futures falling by ₹1,409 and Delhi bullion prices also moving lower.
While the original report refers to both gold and silver in its headline, it does not provide a corresponding city-wise silver price table or specific silver rate in the body. Therefore, silver prices have not been added here without supporting figures.
